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18- 2533 W Hazelwood- BPO

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					                                                        9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID      37814112                                          Loan Number              n/a
                                                                Client Project ID        07272010

Client Contact Info
Client     VERTICAL FINANCIAL GROUP                                   Branch             IRVINE,CA
Attention DAVIS, JUDY                                                 Fax/Email          Judy@verticalmtg.com

Subject Property Information
Address: 2533 WEST HAZELWOOD STREET #17 , PHOENIX, AZ 85017
Borrower/Owner: n/a, n/a                                                            Subject Property Type:         Single Family Dwelling
Is subject vacant? N                                                                If vacant, is subject secured? Y
Condition/Curb Appeal: Average                  Average                             Estimated deferred maintenance costs:             $0
Has subject been listed in the last 12 months? N                                    Listing Date:                      Listing Price:
Has subject transferred in last 12 months?      No                                  Sale Date:                         Sale Price: $0
Subdivision Name: N/A                                                               Market Rent: $0
Is there a guest house? No        Guest house sq ft: N/A                            Is subject a Condo/PUD? No

Neighborhood Information
Location:                  Suburban                                                 Marketing Time for neighborhood: 90
Pride of Ownership:        Average                                                  Neighborhood Demand/Supply:      In Balance
Neighborhood Price Range: $15,000-$35,000                                           Neighborhood Trend:              Depreciating
Predominant Occupancy:     Owner
Similar Homes Sold Prior Month: 10                                                  # of Listings in Direct Competition: 25
Zoning:                    N/A

Comparable Listings
                                          Subject                              Listing 1                         Listing 2                       Listing 3
Address                         2533 WEST HAZELWOOD               2544 CAMPBELL AVE 27               4645 26th Lane                    2608 COOLIDGE ST
Data Source                                                       MLS 4401687                        MLS 4410447                       MLS 4194836
# Units                         1                                 1                                  0                                 1
Listing Type                                                      Unspecified                        Unspecified                       Unspecified
Days on Market                  N/A                               57                                 365                               113
List Price                                                        $27,500                            $29,000                           $29,650
Original List Price             $0                                $27,500                            $29,000                           $78,500
Distance (miles)                N/A                               0.04                               0.4                               0.16
Site Size (acres)               0.03                              0.03                               0.03                              0.03
View                            No                                No                                 N/A                               No
Age                             34                                34                                 38                                38
Condition                       Average                           Average                            Average                           Average
Square Footage                  1384                              1332                               1450                              1196
Bedrooms                        3                                 3                                  3                                 3
Bathrooms                       2                                 2                                  2.5                               1.5
Garage/Pool                     0              No                 0           No                     0           No                    0           No
Basement / % Finished           None           N/A                None        N/A                    None        N/A                   None        N/A

Comparable Sales
                                              Subject                           Sale 1                            Sale 2                          Sale 3
Address                         2533 WEST HAZELWOOD               2644 WOLF ST                       2544 CAMPBELL AVE 35              2609 WOLF ST
Data Source                                                       MLS 4327377                        MLS 4382412                       MLS 4372944
# Units                         1                                 1                                  1                                 1
Sale Type                                                         REO                                REO                               REO
Days on Market                  N/A                               25                                 25                                15
List Price                                                        $21,000                            $24,380                           $20,000
Sale Price/Date                                                   $21,000           03/12/2010       $24,650         07/01/2010        $26,000         05/07/2010
Distance (miles)                N/A                               0.32                               0.05                              0.27
Site Size (acres)               0.03                              0.03                               0.03                              0.03
View                            No                                No                                 No                                No
Age                             34                                38                                 34                                38
Condition                       Average                           Average                            Average                           Average
Square Footage                  1384                              1196                               1384                              1196
Bedrooms                        3                                 3                                  3                                 3
Bathrooms                       2                                 1.5                                2                                 1.5
Garage/Pool                     0             No                  0               No                 0            No                   0             No
Basement / % Finished           None          N/A                 None            N/A                None         N/A                  None          N/A

Broker Comp Comments

Comments regarding the comparability of listings to the subject specifically addressing their overall similarity (equal/superior/inferior)

Listing #1: Property inferior to subject. Short sale. Similar amenities.
Listing #2: similar amenities
Listing #3: Property equal to subject. Short sle. Borders common area.

Sale #1:   Lender owned property. Convenient location.
Sale #2:   Property equal to subject. Lender owned property. Upgraded flooring.
Sale #3:   Property superior to subject. Lender owned property. Gated. Central location.

Broker Value Opinion

Normal Market Value                                                Quick Sale Value
                                    $24,000                                                    $20,000                        As of:    08/02/2010
“As Is”:                                                           “As Is”:
Normal Market Value                                                Quick Sale Value
“As Repaired”:                      $24,000                        “As Repaired”:              $20,000
                                                      9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




 Order ID      37814112                                        Loan Number           n/a
                                                               Client Project ID     07272010


 Additional Broker Comments
The subject is a two-story townhouse, located in a conforming neighborhood. There were no adverse conditions noted at the time of inspection, based upon
exterior observations. The neighborhood is close to many amenities, including shopping areas and schools. Area values have decreased appx 10 - 25 % over last 12
mos. Reo properties on the market. . The final value represents normal marketing times, based on similar and proximate comps.. The subject is a two-story
townhouse, located in a conforming neighborhood. There were no adverse conditions noted at time of inspection, based upon exterior observations. **QC
NOTE: This evaluation reflects an REO perspective.




 Exterior Repair Addendum

 Item Category                    Cost to Cure      Comments
 Roof                             $0
 Exterior/Siding                  $0
 Foundation                       $0
 Construction in Progress         $0
 Outbuildings                     $0
 Yard Maintenance                 $0
 Other                            $0
 Total                            $0

 Comparable Location Map




Broker Price Opinion offers a value opinion derived from analysis of local market data and subject property information. Comparable market
data for the area is provided by a local Real Estate Broker. Information on the subject property is obtained via MLS, county records, personal files,
or it may be provided to LPS by the client. In some cases, information on the subject property may be limited or unavailable. In these instances,
the information is provided by the Real Estate Professional's exterior physical inspection of the subject. The report is based upon data that LPS
deems reliable, however, no guarantee or warranty is provided. LPS does not provide opinions on, nor assume responsibility for the existence of
any environmental, structural, or title related defects associated with the subject property. This analysis and evaluation of an interest in real
property for ownership or collateral purposes is prepared for the above named financial institution to be used for internal
purposes only. This document is not an appraisal and is intended for use only for loan transactions valued at $250,000 or less, as
required by Title XI of FIRREA. The agent submitting this report represents that she/he drove by the property and has no
interest in the property.  

Notwithstanding any preprinted language to the contrary, this opinion is not an
appraisal of the market value of the property. If an appraisal is desired, the
services of a licensed or certified appraiser must be obtained.
                                   9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID    37814112                       Loan Number         n/a
                                           Client Project ID   07272010


Subject Property Satellite Image




Subject Photo




Street Scene Photo
                             9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID    37814112                 Loan Number         n/a
                                     Client Project ID   07272010


Address Verification Photo
                                              9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID    37814112                                     Loan Number         n/a
                                                         Client Project ID   07272010

Comparable Listing 1 2544 CAMPBELL AVE 27, Phoenix, AZ 85017




Comparable Listing 2 4645 26th Lane, Phoenix, AX 85107




Comparable Listing 3 2608 COOLIDGE ST, Phoenix, AZ 85017
                                             9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID   37814112                                     Loan Number         n/a
                                                        Client Project ID   07272010

Comparable Sale 1     2644 WOLF ST, Phoenix, AZ 85017




Comparable Sale 2     2544 CAMPBELL AVE 35, Phoenix, AZ 85017




Comparable Sale 3     2609 WOLF ST, Phoenix, AZ 85017

				
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Description: 18- 2533 W Hazelwood- BPO.